# Designer Yarns Limited (04187433)

> Why UK company 04187433 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04187433

- **Status:** Administration ended
- **Administration began:** 2022-06-06
- **Administrators:** Julian Pitts, Nicola Baker
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2001-03-26
- **Location:** Saltaire
- **Industry:** 46900 Non-specialised wholesale trade

## Why it went into administration

- Funding withdrawn / unable to refinance
- Property / lease costs
- Brexit
- Competition / price pressure

## From the administrators' statement

Designer Yarns Limited (“the Company”) was incorporated on 26" March 2001. The founding Directors’ had long histories of involvement and experience in the yarn and textile industry.

The Directors’ believed that using their knowledge and international connections in the yarn industry they could source yarn globally and retail the same in a wholesale manner. This proved to be true and the brand of the Company grew.

The Company established itself as a key figure in the yarn industry and supported the growth of a brand called “Debbie Bliss”. This partnership flourished and the Company was granted an exclusive licence to the Debbie Bliss brand which had asserted itself as the market leader in yarn and associated patterns. For the year ended June 2016 the Company turned over £5.4 million and made a net profit of £66,000.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04187433/filing-history/MzE5ODg1MTEzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04187433

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.